Last of 2021's largest new issues price; yields static
Triple-A yield curves were unchanged on the day and mostly have not budged but a basis point in spots since the end of November.
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Triple-A yield curves were unchanged on the day and mostly have not budged but a basis point in spots since the end of November.
Coming off last week's $19.5 million influx of weekly new issues, supply this week is lower as the market watches the Federal Open Market Committee meeting.
Quincy officials say they are getting out front of a state directive for full local funding by 2037.
There are $8.127 billion of negotiated deals on tap and a mere $367.4 million of competitive loans slated, none over $100 million. Thirty-day visible supply totals $9.9 billion and net negative supply is at $8.4 billion.
The sale is Babson’s first since 2017. The business-and-entrepreneurial themed private college, which opened in 1919, has about $150 million of outstanding bonds, according to its presentation to Moody’s.